16/07/2021 - 06:51

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16/07/2021 - 06:51

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Women key to jobs boom

There are now more women in full-time jobs than before the pandemic as the State’s jobs bonanza powered female employment to a fresh high in June. The West

Telstra called in to block bid by China telco

The federal government has approached Telstra and other commercial businesses to sound out their interest in potentially taking an ownership stake in the Pacific operations of a telecommunications business to block China from buying the assets. The Fin

Builders’ infrastructure reform plea: ‘it’ll pay off in spades’

The Morrison government’s $110bn infrastructure pipeline is at risk of delay and cost blowouts as a crisis-prone industry appeals for sweeping reform of procurement and delivery practices. The Aus

Shock vax data reveals people in 60s falling behind

WA’s over-60s have fallen behind 40-49-year-olds in the race to full immunisation, with vaccine concerns blamed for driving down jab appointments at State-run clinics. The West

Cyber attacks cost $3.5b in 2020

Calls to the Australian Cyber Security Centre’s hotline were four times higher in May than last year, with hackers using the cover of the pandemic to exploit key weaknesses in the digital infrastructure of the nation’s finance, health, education and energy sectors, according to a landmark report. The Fin

Chinese investments plunge to 14-year low

Chinese investment into Australia is plummeting, having sunk to its lowest level since 2007, with the total funds now falling steadily each year since 2016 and 75 per cent of Chinese investors reporting they are reluctant to invest because of the political climate. The Aus

St Barbara gets Kin stake

Kin Mining’s shares have jumped after miner St Barbara snapped up a 19.8 per cent stake in the WA gold explorer for $25 million. The West

Super Retail Group ‘ready to roll’ after lockdown

Supercheap Auto owner Super Retail Group is keeping its stores open during lockdown, partly to keep staff engaged and ‘‘ready to roll’’ for the post-lockdown sales bounce. The Fin

M&A boom puts mid-market firms in private equity’s sights

The global boom in liquidity that is driving a record quarter for mergers and acquisitions in Australia has put mid-market companies increasingly on the radar of private equity firms. The Aus

It’s game on for... NETFLIX

Netflix, marking its first big move beyond TV shows and films, is planning an expansion into video games and has hired a former Electronic Arts and Facebook executive to lead the effort. The West

 

 

The Australian Financial Review

Page 1: The Morrison government has overhauled income and business assistance measures for the third time in six weeks as the entire state of Victoria joined greater Sydney and plunged into lockdown for five days.

Page 3: The federal government has approached Telstra and other commercial businesses to sound out their interest in potentially taking an ownership stake in the Pacific operations of a telecommunications business to block China from buying the assets.

Twenty-seven of Australia’s biggest self-managed super funds held more than $100 million each in concession-ally taxed savings in the 2019 financial year, including one mega-SMSF that has hoarded $544 million.

Page 6: A proposal to lengthen the gap between Pfizer’s jabs from three to six weeks is under consideration by vaccine experts in Australia.

Page 9: Calls to the Australian Cyber Security Centre’s hotline were four times higher in May than last year, with hackers using the cover of the pandemic to exploit key weaknesses in the digital infrastructure of the nation’s finance, health, education and energy sectors, according to a landmark report.

Page 11: UBS made $81 million in excessive profits from an overly complex loan to Papua New Guinea, while the investment bank failed to disclose it had structured an option agreement weighted heavily in its favour, a royal commission was told yesterday.

Page 17: Sydney Airport’s top investors have backed the board’s rejection of a $22 billion indicative takeover bid, saying an investment consortium led by IFM Investors needs to return with a higher offer if it wants to own the ASX-listed company.

Kerry StokesSeven Group has taken control of Boral and will be able to select the building materials group’s next chairman and push for faster progress on its transformation strategy after acquiring more than half the company.

Page 18: The power of loyalty programs and their impact on competition will be put to the test should Wesfarmers progress its $687 million bid for Australian Pharmaceutical Industries.

Page 20: Fund manager Australian Ethical grew its pool of assets by half over the year to June 30 as investors and superannuants frustrated by slow progress on climate action by governments voted with their wallets.

Page 21: Supercheap Auto owner Super Retail Group is keeping its stores open during lockdown, partly to keep staff engaged and ‘‘ready to roll’’ for the post-lockdown sales bounce.

Page 23: Takeover target Australian Pharmaceutical Industries is facing a pending class action from current and former Priceline franchisees, who claim the company has excessive control over their pharmacies and requires them to pay fees that are in breach of regulations.

 

 

The Australian

Page 1: Chinese investment into Australia is plummeting, having sunk to its lowest level since 2007, with the total funds now falling steadily each year since 2016 and 75 per cent of Chinese investors reporting they are reluctant to invest because of the political climate.

Page 3: A legal review is being finalised to clear the way for Australian authorities to use public DNA databases to identify human remains and solve the nation’s toughest missing person cases.

Page 5: A large majority of Australians believe that once fully vaccinated, people should have the freedom to travel interstate or overseas without restriction.

Page 6: The Morrison government’s $110bn infrastructure pipeline is at risk of delay and cost blowouts as a crisis-prone industry appeals for sweeping reform of procurement and delivery practices.

Page 14: Short-listed parties hoping to win control of the $7bn AMP Capital Wholesale Office Fund are submitting their proposals this week.

Page 16: Poles and wires operator Spark Infrastructure has kept the door ajar for a higher takeover bid from investment giant KKR and a Canadian superannuation fund after rebuffing a $5bn cash offer while indicating it was open to further negotiations.

Page 17: Homeowners have returned to their home renovation and repair projects during the current Covid-19 wave to deliver massive sales growth for iconic US hardware brand WD-40, with its flagship cleaner and degreaser more than doubling sales between April and June.

Page 18: The global boom in liquidity that is driving a record quarter for mergers and acquisitions in Australia has put mid-market companies increasingly on the radar of private equity firms.

 

 

The West Australian

Page 1: WA’s over-60s have fallen behind 40-49-year-olds in the race to full immunisation, with vaccine concerns blamed for driving down jab appointments at State-run clinics.

Page 7: The world’s biggest live entertainment company has bought into a leading WA concert promoter to gear up for a post-pandemic return to show business as usual.

Page 10: One of the world’s leading suppliers of cable car rides is keen to build one for Perth if the concept gets the go-ahead.

Page 53: Recent rainfall has replenished water supplies in the Shire of Esperance, leading the State Government to revoke the two remaining water deficiency declarations in the region.

Business: There are now more women in full-time jobs than before the pandemic as the State’s jobs bonanza powered female employment to a fresh high in June.

The Australian Government has hit out at the European Union’s proposal to tax energy-intensive imports from countries without a carbon price.

Kin Mining’s shares have jumped after miner St Barbara snapped up a 19.8 per cent stake in the WA gold explorer for $25 million.

Netflix, marking its first big move beyond TV shows and films, is planning an expansion into video games and has hired a former Electronic Arts and Facebook executive to lead the effort.

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